BlackRock Debt Strategies Fund, Inc. announces an Equity Buyback for 5% of its issued share capital.
March 17, 2020 at 09:30 am IST
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BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) announces a share repurchase program. Under the program, the company will repurchase up to 5% of its outstanding common shares. The plan will be valid up to April 16, 2020.
BlackRock Debt Strategies Fund, Inc. (the Fund) is a closed-end management investment company. The Fund's primary investment objective is to seek to provide current income by investing primarily in a diversified portfolio of the United States companies debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services or unrated debt instruments. The Fund's secondary investment objective is to provide capital appreciation. Under normal market conditions, at least 80% of the Fund's total assets will be invested in debt instruments. The Fund may invest directly in debt instruments or synthetically using derivatives. The Fund has no restrictions on portfolio maturity or duration of the debt securities in which it may invest. Up to 20% of the Fund's total assets may be invested in distressed securities, which includes debt securities and corporate loans. Investment manager of the Fund is BlackRock Advisors, LLC.
BLACKROCK DEBT STRATEGIES FUND, INC. 
